The urban investment corporation has finally turned the corner!

This pattern (brief schematic below) has driven a spiral of mutual promotion between urbanization and industrialization, but it has also brought about the well-known debt problems we are facing today...

At the press conference held on the morning of October 12th on "Strengthening the Counter-cyclical Adjustment Intensity of Fiscal Policies and Promoting High-Quality Economic Development", Minister of Finance Liao Buddha-an said: It is proposed to increase the debt limit on a one-time basis on a large scale, to replace the hidden debts of local governments, and to increase support for local governments in resolving debt risks. Relevant policies will be explained in detail to the society after completing the relevant statutory procedures...